The Australian market continued to grind higher through the August reporting season finishing up 2.2%. Once again however, this lagged US equities, with the S&P500 up 7% and the technology heavy NASDAQ up nearly 10% in the month. The Small Ordinaries on the other hand was up 7.1% and has continued its strong performance through the pandemic. A key driver of our Diversified portfolios performance this month was a healthy exposure to the Global Tech titans in our international share SMA and an overweight to mid cap companies and continued strong performance from our Emerging Leaders SMA.
